MILLENNIUM GROUP INTERNATION (MGIH) Stock Technical Analysis
NASDAQ:MGIH - Nasdaq - KYG6169A1040 - Common Stock - Currency: USD
Overall MGIH gets a technical rating of 1 out of 10. MGIH's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, MGIH is a bad performer in the overall market: 74% of all stocks are doing better.
MGIH is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MGIH is lagging the market.
In the last month MGIH has a been trading in the 1.37 - 2.14 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
MGIH has an average volume of 2024840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
MGIH is an average performer in the Containers & Packaging industry, it outperforms 43% of 24 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, MGIH does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 1.38, a Stop Loss order could be placed below this zone.
More info and screens
1.36
1.62
We found 1 important support area.
- A support zone ranging from 1.37 to 1.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @1.46 from a trend line in the daily time frame.
- A resistance zone ranging from 1.56 to 1.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.67
Mansfield-1.28
10 Day High2.04
10 Day Low1.37
20 Day High2.14
20 Day Low1.37
52 Week High6.83
52 Week Low1.19
Performance
1 Week-9.55%
2 Weeks-7.79%
1 Month-15.98%
3 Month-5.96%
6 Month-10.13%
12 Month-16.47%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.02
RSI(14)41.07
LBB1.35
UBB1.68
1.42
+0.03 (+2.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg2.16%
1 Week-9.55%
2 Weeks-7.79%
1 Month-15.98%
3 Month-5.96%
6 Month-10.13%
12 Month-16.47%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%13.45%
ATR Inc-52.21%
Range Today0.07
ADR(20)0.19
ADR(20)%13.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.67
Mansfield-1.28
10 Day High2.04
10 Day Low1.37
20 Day High2.14
20 Day Low1.37
52 Week High6.83
52 Week Low1.19
CS1 End1.38
CR1 Start1.46
Volume & EV
DER(3)-2.97%
DER(5)-2.67%
Volume19.01K
Volume Incr72.59%
Vol(5)91.97K
Vol(50)2.02M